Paragraph 3 I1

Northern Ireland

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. 6 para. 2(1) words substituted by Firefighters’ Pension Scheme 2014 Sch. para. 20(1)
Sch. 6 para. 2(2) omitted by Firefighters’ Pension Scheme 2014 Sch. para. 20(2)
Sch. 6 Pt. 2 words substituted by Firefighters’ Pension Scheme 2014 Sch. para. 20(3)
Sch. 6 Pt. 3 words substituted by Firefighters’ Pension Scheme 2014 Sch. para. 20(3)
Sch. 6 Pt. 4 words substituted by Firefighters’ Pension Scheme 2014 Sch. para. 20(3)
Sch. 6 Pt. 4 para. 2 words substituted by Firefighters’ Pension Scheme 2015 art. 2(3)(a)
Sch. 6 Pt. 4 para. 7 added by Firefighters’ Pension Scheme 2015 art. 2(3)(b)

Where—

(a)

a transfer value is payable to the scheme managers of an approved scheme which is not a club scheme; and

(b)

the service to which it relates includes service before lst October 1990; and

(c)

no right to a cash equivalent was acquired,

the amount of the transfer value is the total of A and the greater of B and C, where—

A is a notional transfer value, calculated on the cash equivalent basis, in respect of the person’s service after 30th September 1990,
B is a notional transfer value, calculated on the cash equivalent basis, in respect of his service before lst October 1990, and
C is a notional transfer payment, calculated in accordance with Part III, in respect of his service before lst October 1990.

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